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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Aug. 27, 2022
Aug. 28, 2021
Operating activities:    
Net income $ 6,324 $ 2,635
Adjustments to reconcile net income to cash used in operating activities:    
Depreciation and amortization 883 829
Inventory provisions 71 83
Share-based compensation expense 311 219
Deferred income taxes 1 35
Change in assets and liabilities:    
Accounts receivable (3,496) (5,008)
Inventories (10,468) (4,957)
Prepaid expenses and other assets (1,199) (62)
Accounts payable 1,495 607
Accrued liabilities 2,209 480
Other 638 266
Net cash used in operating activities (3,231) (4,873)
Investing activities:    
Capital expenditures (1,442) (837)
Net cash used in investing activities (1,442) (837)
Financing activities:    
Proceeds from issuance of common stock 1,385 52
Cash dividends paid (819) (786)
Other (69) (45)
Net cash provided by (used in) financing activities 497 (779)
Effect of exchange rate changes on cash and cash equivalents (686) (409)
Decrease in cash and cash equivalents (4,862) (6,898)
Cash and cash equivalents at beginning of period 35,495 43,316
Cash and cash equivalents at end of period $ 30,633 $ 36,418